The Next Financial Crisis May Be Just Around the Corner

Click here to access article by Jerome Roos from TeleSur.

The bottom line is that the global financial meltdown of 2008-’09 and the European debt crisis of 2010-’12 have never truly been resolved. After governments disbursed record bailouts, the world’s leading central banks simply papered over the remaining weaknesses by subsidizing essentially defunct financial institutions to the tune of trillions of dollars, buying up swaths of toxic assets and providing loans at negative real interest rates in the hope of reviving the credit system and restarting private lending.

But instead of fixing the underlying problems of structural indebtedness, record unemployment, rampant inequality and a seemingly never-ending recession, these measures have only made matters worse.